British Pound / Japanese Yen
Short
Updated

GBP/JPY 1 HOUR CHART ANALYSIS

207
Price bearish fully on target .

đź”»Bearish Setup(Sell Idea) :
Entry : around 196.63 The price has reached a trndlinr a top and shows signs of sloeing momentum.
Stop loss : just above the recent highs (around 197.10 - 197.20) this protects you if price breaks higher unexpectsdly.
Target: Near 194.30 Based on previous support level and the based of the rising wedge pattern.

📉Trade logic :
expecting a drop after the wedge pattern breaks down.
The setup gives a favorable risk-to-reward ratio - risking a small amount for a larger profit if price drops to the target.

🔺Bearish Signals:
Rising Wedge Pattern:
The chart shows a risisng wedge, a bearish reversal pattern, indicating that price might break downward.
Trade closed: stop reached
Sorry guys stop loss not hit but market move wrong dirrection.so breakeven this trade and ready for the next setup.

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